(Bloomberg) -- Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired into swaps and other contracts worth hundreds of ...

WASHINGTON, July 25 (Reuters) - U.S. Treasury Secretary Timothy Geithner on Wednesday will face tough questions from lawmakers on whether he acted swiftly to address problems with the setting of the ...

LONDON/VIENNA/NEW YORK, May 16 (Reuters) - Bankers on both sides of the Atlantic are addressing problems with Libor, the leading global benchmark rate for inter-bank borrowing, while one brokerage is ...

No one ever said replacing LIBOR, the predominant derivatives and fixed-income valuation benchmark supporting hundreds of trillions of dollars in contracts, would be easy. With millions of investments ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The demise of the London Interbank Offered Rate (LIBOR) has ...

Opinions expressed by Entrepreneur contributors are their own. For many years, LIBOR, or the London Inter-Bank Offered Rate, served as a globally accepted benchmark, deriving rates from the U.S.